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Altcoins experienced losses of up to 10% on the first day of April, and the decline in BTC triggered sell-offs. A comprehensive evaluation of ETF data will come in a few hours, but for now, we can say that volumes are weak. While indifference has pulled down the BTC price, what are the current predictions for AVAX, CEEK, and CHZ?
What Will Avalanche (AVAX) Be Worth?
At the time of writing, the AVAX price has returned to the $51 breakout area. SOL Coin is one of its strongest competitors, and we saw a parabolic rally with the increase in TVL. The same did not happen for AVAX because it couldn’t reach record numbers of active users like Solana. This is related to the crypto ecosystem not yet reaching a sufficiently large audience. Only a small portion of investors are currently transacting on crypto protocols compared to the whole.
The AVAX Coin price, which has returned from the region we have been highlighting due to the general market sentiment’s negative impact, is now at the point where the rally started. If it loses this level as well, investors could see a drop towards the $43 area, which is the middle of the previously overcome parallel channel. If the sell-offs accelerate further, $31.75 could be targeted. Closures below this could negatively affect the medium-term outlook.
For the continuation of the AVAX rally, it is necessary to maintain the $50-$52 range and to see closures again above $58.6. If this is achieved, targets up to $80 can be discussed again.
CEEK Coin Price Prediction
For years, rumors that a Binance listing was imminent have swept through social media. We had mentioned that such speculation would prevent a listing even if it were to happen. Now, months and years later, Binance still has not made the listing, and CZ’s comments like “if you pressure us, there will never be a listing” are better understood.
The attempt at $0.1 failed again, and as expected, the price returned to the $0.076 base. If the sell-offs continue, new lows in the range of $0.063 and $0.048 seem possible.
CHZ Coin Price Forecast
It was one of the most promising altcoins for the first quarter of 2024. It diverged positively and had strong days, but the bulls couldn’t achieve more. CHZ Coin price has turned from the $0.17 barrier and is now continuing the day with a 7% loss at $0.139.
The price, which increased by 100% from the parallel channel resistance to the given target, now faces the risk of testing the $0.132 and $0.116 bases. For the rally to continue, the $0.153 level must be reclaimed.
